Summit (Israel) Market Value
| SMT Stock | ILS 5,940 10.00 0.17% |
| Symbol | Summit |
Summit 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Summit's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Summit.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Summit on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Summit or generate 0.0% return on investment in Summit over 30 days. Summit is related to or competes with Israel Canada, Delek, Shikun Binui, and Israel Discount. Summit Real Estate Holdings Ltd. is a real estate investment firm specializing in the purchase and operation of office b... More
Summit Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Summit's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Summit upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | 0.0842 | |||
| Maximum Drawdown | 14.01 | |||
| Value At Risk | (3.61) | |||
| Potential Upside | 5.42 |
Summit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Summit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Summit's standard deviation. In reality, there are many statistical measures that can use Summit historical prices to predict the future Summit's volatility.| Risk Adjusted Performance | 0.1071 | |||
| Jensen Alpha | 0.37 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0972 | |||
| Treynor Ratio | (2.25) |
Summit Backtested Returns
Summit appears to be very steady, given 3 months investment horizon. Summit owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Summit, which you can use to evaluate the volatility of the company. Please review Summit's Semi Deviation of 2.07, risk adjusted performance of 0.1071, and Coefficient Of Variation of 765.42 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Summit holds a performance score of 10. The entity has a beta of -0.16, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Summit are expected to decrease at a much lower rate. During the bear market, Summit is likely to outperform the market. Please check Summit's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Summit's existing price patterns will revert.
Auto-correlation | 0.15 |
Insignificant predictability
Summit has insignificant predictability. Overlapping area represents the amount of predictability between Summit time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Summit price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Summit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 31 K |
Summit lagged returns against current returns
Autocorrelation, which is Summit stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Summit's stock expected returns. We can calculate the autocorrelation of Summit returns to help us make a trade decision. For example, suppose you find that Summit has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Summit regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Summit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Summit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Summit stock over time.
Current vs Lagged Prices |
| Timeline |
Summit Lagged Returns
When evaluating Summit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Summit stock have on its future price. Summit autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Summit autocorrelation shows the relationship between Summit stock current value and its past values and can show if there is a momentum factor associated with investing in Summit.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Summit Stock
Summit financial ratios help investors to determine whether Summit Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Summit with respect to the benefits of owning Summit security.